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April
05
2019

Silver Bullion Set to Soar to $50 an Ounce
Mark O'Byrne

- Silver bullion is the most undervalued precious metal, commodity and asset today

- Silver very rarely covered in the media and thus the fundamentals are not understood

- Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics

- While industrial demand may weaken, investment and safe haven demand for silver coins and bars will surge in the next crisis

- Silver mine production falling: Dozen of the largest silver mines in the world fell by 8% in 2018

- Silver bear market was exacerbated by manipulation and pushing silver lower

- Silver is going higher and $50 per ounce is a conservative target in the next 3 or 4 years

- In 2007 and 2009 we said gold would surge in the crisis and target $50 per ounce

- Long term charts are very bullish and show undervalued versus all assets and even gold

- Gold to silver ratio over 80 to 1 today: 15 to 1 is likely in the coming years (see chart)

- Silver prices adjusted for inflation are cheaper than 1916! (see chart)

- Record high for silver adjusted for inflation is over $115/oz (based on U.S. CPI) and over $700/oz (based on John Williams of Shadow Stats inflation data and methodology)

- Silver at lowest prices in history; T ime to buy and dollar cost average into position is now

- Avoid digital and ETF gold and silver and only own coins and bars in your possession or in allocated and segregated storage

Mark O’Byrne 

I founded GoldCore nearly 16 years ago in 2003 and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.

I have been an Executive Director in GoldCore since its foundation and today I am Marketing and Research Director.

As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.

I have a B.A. in History and Greek and Roman Civilisation from University College Dublin and this gives me an insight and a prism with which to view today’s turbulent world. I contribute to media internationally and take part in the Reuters, CNBC and Bloomberg gold and precious metal surveys. I am proud of the fact that we are now acknowledged experts on precious metals and our research is respected as informative and enlightening. We correctly warned about mortgage and debt bubbles in Ireland, the UK and the U.S. in 2005 and 2006 prior to the bubbles bursting.

Today, I am concerned that we have not learnt our lessons, we are repeating the same mistakes as before and there will be similar negative consequences for the unprepared.

 

 

www.goldcore.com